This afternoon we watched Analog Devices drop -1.6% to a price of $189.24 per share. The large-cap Semiconductors company is now trading -7.84% below its average target price of $205.33. Analysts have set target prices ranging from $175.0 to $235.0 per share for Analog Devices, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.5%, and a short ratio of 1.72. The company's insiders own 0.37% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 89.6% of Analog Devices's shares being owned by this investor type.
Institutions Invested in Analog Devices
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 9% | 45,633,520 | $8,635,687,575 |
| 2023-03-31 | Blackrock Inc. | 8% | 40,504,723 | $7,665,114,003 |
| 2023-03-31 | State Street Corporation | 4% | 20,404,008 | $3,861,254,586 |
| 2023-03-31 | JP Morgan Chase & Company | 4% | 20,242,365 | $3,830,665,263 |
| 2023-03-31 | FMR, LLC | 3% | 13,650,137 | $2,583,152,000 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 9,393,867 | $1,777,695,442 |
| 2023-03-31 | Massachusetts Financial Services Co. | 2% | 9,294,637 | $1,758,917,156 |
| 2023-03-31 | Invesco Ltd. | 2% | 8,919,757 | $1,687,974,863 |
| 2023-03-31 | Ameriprise Financial, Inc. | 2% | 8,731,123 | $1,652,277,764 |
| 2023-03-31 | Franklin Resources, Inc. | 2% | 8,672,581 | $1,641,199,276 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Analog Devices.
